Are annuities still a safe investment? I have an annuity with Met Life and AXA, 6% guarantee for 9 more years?
Posted by MarkAug 17
I invested in the annuities fall of 2007. 6% guaranteed but can’t touch the money for ten years. Several people are telling me to take the money out (at a huge loss in today’s market). Does anyone know if annuities are still a safe investment or if I should cut my losses and take the money out. Thanks!!
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It’s good and safe. If you take it out and put it in stocks you’ll lose money. If you put it into a current bond or CD you’ll make less than 6%. If you put it into a savings account or money market you make a really small amount. It is good where it is.